Funerals come in many different forms, but one thing can’t be denied; they can be expensive. According to the latest data from Sun Life, the cost of a basic funeral in 2024 has risen by 4.7% from the last year to £4,141, while the ‘cost of dying’ (which includes expenses such as professional support in managing an estate) now stands at £9,658. With the cost of living crisis continuing to place pressure on people’s finances, the question of how to pay for a funeral is a pertinent one for many.
Your financial responsibility when organising a funeral can depend on whether or not the death was expected or planned for, and the financial circumstances of the person you have lost. It’s important to know what options are available to you, so you can be as prepared as possible if and when you should be tasked with contributing financially.
Paying for a Funeral: Pre-Paid Funeral Plans
Planning in advance is often the most cost-effective way of saying goodbye, and pre-paid funeral plans can offer peace of mind for those worried about the financial and logistic burden their passing may have on their family.
It is therefore no surprise that prepaid funeral plans are a steadily growing method of paying for a funeral in the UK. Naturally, these schemes are largely marketed targeting the over 50s, though some companies will provide funeral plans for those younger than 50. There are plenty of reasons why someone might wish to plan ahead, especially if they have come into a large sum of money and wish to protect their families financially should anything happen to them.
On the whole, prepaid funeral plans are intended to be paid for in advance over a relatively short period of time, but they aren’t the only option. For those considerably shy of the over 50s age bracket, it may be more advisable to look into a life insurance policy that will protect you financially should an unexpected death occur.
Harold Wood Funeral Services provides prepaid funeral plans through Golden Charter, one of the UK’s largest funeral plan providers. Because they only represent local, family-run funeral directors, you can rest assured that your final wishes and your funeral plans are in the safest hands possible.
Paying for a Funeral: Funeral Packages
Funeral packages can help reduce costs and make things simpler for families who find themselves planning a funeral. No matter how simple you want to keep your funeral plans, it remains likely that you will need to pay for more things throughout the funeral planning process.
Funeral packages are not usually payable in advance of someone’s death the same way that prepaid funeral plans are. By choosing the right funeral directors, however, you can rest in peace; assured that you are receiving the best possible service for your needs and financial situation.
For those wanting to bid their loved ones farewell, but who do not have the means for a more traditional or extravagant funeral, unattended funeral packages are becoming increasingly popular and many funeral directors will offer them as a basic funeral package. When you choose an independent, local provider like our team at Harold Wood Funeral Services, you can arrange unattended funerals with bespoke, personalised touches to care for your own and your family’s wishes and emotional needs.
If you are on a tight budget, it is important to remember that funeral packages are often marketed at a guide price. Even the simplest of funerals can come with hidden and third-party costs, whether these turn out to be based on location or come in the form of extra charges related to the kind of service you want.
It is for these reasons that, at Harold Wood, we offer our funeral packages as example prices and prefer to offer you a personalised quote on the basis of a one-to-one conversation. That way, not only do you know you are getting the best possible price, but you are also only paying for the services that your loved one would have wanted.
Paying for a Funeral: Support Schemes
If you are on low income, you may be eligible to apply for Funeral Payment; a government scheme designed for people who are receiving certain benefits to help them pay for a funeral.
Unfortunately, due to the rising cost of funerals, it is entirely possible that you or someone you know may not be in a position to afford any kind of funeral for their loved ones. If you are the spouse, a close relative or friend of the deceased, and you meet the list of qualifying benefits, you might be able to claim money funeral expenses.
While a support scheme will not cover the cost of even most unattended funerals, a Funeral Plan can be used to cover a variety of funeral costs including burial or cremation fees, travel to the funeral location, documentation and admin fees, or even the cost of transporting the body to another part of the UK if necessary.
Alternatively, for those who have recently lost a spouse or civil partner, you might be eligible for Bereavement Support Payment. This is a scheme which supports bereaved and grieving spouses or partners, not just for the funeral planning process itself, but in the period following their death.
Should you be accepted, you may fall into two different price brackets depending on whether or not you and your spouse have a living child at the time of your partner’s death. This may be a preferable method for those seeking more long-term financial support as opposed to a one-off government grant like Funeral Plan.
Paying for a Funeral: Help From Your Loved One
If you wish to finance your loved one’s funeral using their own funds and you are not the executor or administrator of their estate, you will need to have the right documentation in place. This is because banks will usually freeze the accounts of someone that has passed as soon as they are informed of their death.
It may be that your loved one left some money behind to cover their funeral expenses but did not, for whatever reason, take out a funeral plan.
In order to gain access to your loved one’s funds you will at least need a copy of their death certificate as well as an invoice for potential funeral costs. Some banks may also request your proof of identity and this should match with the name on the funeral invoice.
For those paying for a loved one’s funeral that they hold a joint bank account with, it is not necessary to provide this information and you will simply be able to access your loved one’s funds as usual. For some people, this may be a simpler and more flexible solution, as, unlike a funeral plan, you are not limited to the funeral director with which the funeral plan was taken out. If you already have easy access to the funds you need, it could be a more straightforward process for you and your family.
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Updated November 2024.
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We are a local funeral directors who have been offering funeral services in Essex since 1958.Please contact us at any of our four funeral homes, Harold Hill, Hainault, Harold Wood, Collier Row, for any queries, support or advice regarding the funeral planning process.